I blame women's lib.
The fact is that when families had one income then prices of everything needed to match income of ONE or you couldn't sell anything.
TWO incomes equals higher affordability. When something is in short demand its value increases to the highest bidder. That is now governed by TWO incomes not ONE.
Want a house in an expensive area? Marry someone with a good income unless your rich yourself. Next option is shop in an area that's in your budget.
Some people would be happier living in a more affordable town or city they just choose not to move.
If I could talk my wife into moving idd move. We are new in the housing ownership and our mortgage is 120% of my wifes income. That's ok because the house costs a smaller percentage of that as incomes increase and the value of the house increases. That's why the generation before seems to be well off. They hardened up and did the hard yards at the beginning which became easier in the later years. A lot of people now seem to have a very high expectation for gadgets and café foods.
Prices in the 80s are interesting.
http://www.thepeoplehistory.com/80selectrical.html
Microwave $580.00 was more than 2 weeks pay.
Luxury item affordable if you had higher income only.
Now $50 odd for a cheap one. Half a days pay for a low income earner.
If things that got in the way of a persons goals they did without.
Now people buy the latest xbox1 and rent a room complaining about house prices.
1983 Space Saver Microwave
Price: $579.99
Description Set time and power for up to three separate cooking operations with the computer-type electronic memory and oven will to another automatically. Has convenient 12-hour Delay Start. Large 1.3 cubic foot capacity oven and removable shelf permit versatile "whole-meal" cooking
I have evolved as a KB member.Now nothing I say should be taken seriously.
I have evolved as a KB member.Now nothing I say should be taken seriously.
Problem is now the market is governed by 2 income no children affordability. This is because blue collar NZ realised they couldn't afford to breed and own a home.
If you have one high income earner in the house you can still breed.
If you are low income or no income you can breed to get ahead more.
If your in the middle your going to get nothing much easily or cheaply.
I have evolved as a KB member.Now nothing I say should be taken seriously.
I blame the Real Estate Agents. The more a house sells for, the more goes into their back pocket. It's in their own interests to inflate the prices.
Grow older but never grow up
Real Estate Agent represents him/herself. They drive either party to a sales figure in either direction. Idd say their first priority is securing a sale.
Step one- Promise the seller enough to get the listing.
Step two- Introduce potential buyers.
Step three- Relocate both the buyer and sellers expectations to secure the deal.
I have evolved as a KB member.Now nothing I say should be taken seriously.
Yeah I've read that. But found a huge list of banks which have gone under and none of them appear to have been bailed out. Its weird. If each bank can create money then it would take a meteor strike to wipe out all the people who rely on each bank and that hasn't happened.
https://www.fdic.gov/bank/individual.../banklist.html
Must admit I've been bewildered in recent years at what people build as holiday homes. Veritable mansions compared to the farm cottage my dad grew up in - and his parents as farmers were relatively well off compared to most.
The holiday crib I was eventually lucky enough to share with other people consisted of two Tiwai workers huts joined together with a leaking roof and no insulation at all. Continually spent various sums on plumbing and replacing a frozen superheater. Aye but we were lucky...![]()
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